Ripping Off The Families of The Deceased.

Isn't it time that the government put a stop to the annuity scandal which means that the companies offering them are allowed to rip you off?

They take your lump sum from your pension pot and invest it. They then give you a tiny amount back as a pension. When you die - they hit the jackpot! Probably 99% of the time these sharks are left with a huge residue from the original sum.